Dish TV India s shareholders rejected the appointment of four directors at its extraordinary general meeting, reducing the board s effective strength to three directors. Over 71% of votes were against the appointment of Rajesh Sahni and Virender Kumar Tagra as non-executive, non-independent directors. Special resolutions for Aanchal David s nomination as an independent director and Shankar Aggarwal s reappointment as an independent director were also defeated.
Dish TV India s shareholders rejected the appointment of four directors at its extraordinary general meeting, reducing the board s effective strength to three directors. Over 71% of votes were against the appointment of Rajesh Sahni and Virender Kumar Tagra as non-executive, non-independent directors. Special resolutions for Aanchal David s nomination as an independent director and Shankar Aggarwal s reappointment as an independent director were also defeated.
Dish TV s promoter had sought to restrain the lender from exercising its voting rights, interfering in or seeking to participate in the management and affairs of the company, or claiming rights to the shares. "In the present case, the use of the pledged goods will include the exercise of voting rights since the pledged goods are shares," observed Justice RI Chagla while disposing of an application filed by Dish TV promoters.